You are here

US: Wall St opens flat; Fed in focus

doc739iyhot4pt13mbzx3e7_doc738nb256gwxt6oxwfem.jpg
US stocks opened flat on Wednesday, ahead of a highly awaited Federal Reserve announcement where the central bank is expected to signal fewer rate hikes given the turmoil in financial markets and rising fears of a recession.

[NEW YORK] US stocks opened flat on Wednesday, ahead of a highly awaited Federal Reserve announcement where the central bank is expected to signal fewer rate hikes given the turmoil in financial markets and rising fears of a recession.

The Dow Jones Industrial Average rose 17.69 points, or 0.07 per cent, at the open to 23,693.33.

The S&P 500 opened higher by 0.89 points, or 0.03 per cent, at 2,547.05. The Nasdaq Composite dropped 6.32 points, or 0.09 per cent, to 6,777.59 at the opening bell.

REUTERS

sentifi.com

Market voices on: